QUESTION IMAGE
Question
find the expected value for the random variable whose probability function graph is displayed here.
what is the expected value of the random variable?
(type an integer or a decimal.)
Step1: Identify the values of \(x\) and \(P(x)\)
From the graph:
When \(x = 1\), \(P(1)=0.25\); when \(x = 2\), \(P(2)=0.1\); when \(x = 3\), \(P(3)=0.15\); when \(x = 4\), \(P(4)=0.05\); when \(x = 5\), \(P(5)=0.45\)
Step2: Use the formula for expected value \(E(X)=\sum_{i}x_{i}P(x_{i})\)
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